At the Swiss Reinsurance annual Economic Forum this week in London, Swiss Re’s chief economists provided the marketplace with predictions that the industry overall will show signs of recovery, albeit fragile, in 2010 and into 2011.
In a presentation, Swiss Re’s economists explored how the (re)insurance industry has weathered the financial crisis over the past year, the lessons learned from 2009 and the outlook for world (re)insurance as it approaches 2010. Swiss Re’s Chief Economist in Asia, Clarence Wong, also noted that special attention should be paid to emerging markets in the coming year. During the presentation, Matthias Weber, member of Swiss Re’s Executive Board and head of property and specialty, discussed various aspects of the growing natural catastrophe insurance business.
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